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BuySell Dominates Cyprus Real Estate Market, Study Reveals

A study by IMR/University of Nicosia analyzed online property listings in Cyprus and found that BuySell holds the largest share across major platforms. The research updates earlier findings from 2025 and reflects continued growth in digital real estate activity.

Methodology And Data Collection

The study examined active property listings across BuySell, Bazaraki, and Facebook Marketplace. Data were collected daily between March 9 and March 13, 2026, covering all five districts and key categories, including apartments, houses, land/plots, and commercial properties. A five-day average was used to improve consistency.

Key Findings

BuySell recorded a market share between 71% and 82%, ahead of other platforms. Bazaraki accounted for between 18% and 29%, while Facebook Marketplace remained below 1.3%. Across districts and categories, BuySell maintained the highest share, particularly in land/plots and commercial properties. Limassol and Nicosia showed the highest activity levels among districts. Limitations in filtering and mixed listings were noted for Facebook Marketplace, affecting its use as a dedicated property platform.

Market Share Analysis By District

BuySell recorded the highest share in all districts. Nicosia reached 81.6%, followed by Larnaca at 80.4% and Paphos at 78.9%. Limassol and Famagusta showed lower but still leading shares at 71.5% and 71.1%, respectively.

Market Share Analysis By Category

BuySell led across all categories. Shares reached 82.9% in commercial properties and 81.3% in land/plots. Houses and apartments recorded 73.1% and 74.0% respectively. Bazaraki showed a relatively stronger presence in residential segments but remained below BuySell across categories.

Conclusion: Digital Transformation In Real Estate

The data indicate continued growth in digital platforms for property transactions in Cyprus. Online listings remain the primary channel for property marketing, with platform concentration evident across districts and categories.

Alpha Bank Reports Strong Underlying Q1 Performance Despite Capital Pressure

Robust Operational Performance

Alpha Bank’s first quarter 2026 report demonstrates a solid operational foundation, as confirmed by analyses from leading institutions such as Citi, JPMorgan, Jefferies, and Deutsche Bank. Despite an accounting impact from extraordinary one-off costs, the bank’s commercial momentum remains unmistakable, driven notably by fee income and resilient net interest margins.

Capital Position And Extraordinary Items

Quarterly results were weighed down by a lower-than-expected capital ratio and a €47 million expense linked to a voluntary exit program affecting around 350 employees. As a result, net profit totaled €182 million, falling 9% below market consensus. At the same time, the restructuring initiative is expected to generate annual savings of approximately €15 million.

Operating Metrics And Investor Insights

Analysts highlighted the strength of Alpha Bank’s underlying operations after adjusting for extraordinary items. Adjusted net profit reached €221 million, exceeding market expectations by 2%. Fee income increased 29% year-on-year to €140 million, supported by higher revenue from business lending fees, insurance services, investment banking and wealth management activities. Performing exposures and assets under management also reached record levels during the quarter, reinforcing the bank’s efforts to diversify revenue streams beyond interest income.

Market Valuation And Sector Commentary

Market commentary following the results remained broadly positive despite pressure on some balance-sheet metrics. JPMorgan described the quarter as showing underlying strength, while Deutsche Bank and Jefferies maintained buy recommendations with target prices reaching €4.85. At the same time, analysts continued to monitor pressure on net interest margins and dilution in common equity tier 1 ratios as banks adapt to changing market conditions.

Strategic Outlook

Alpha Bank is expected to provide additional details on its medium-term strategy during its investor day scheduled for the second half of 2026. Key areas of focus are expected to include the sustainability of fee income growth, capital trajectory management and shareholder returns. The bank has also maintained its earnings per share target of €0.40 for 2026, representing projected year-on-year growth of 11%.

First-quarter results highlighted Alpha Bank’s ability to maintain operational momentum despite pressure from one-off costs and capital-related challenges. Growth in fee-based activities and continued expansion in assets under management also reflected the bank’s broader effort to strengthen revenue diversification across its business segments.

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